Lazard Asset Management LLC boosted its stake in shares of Gold Fields Limited (NYSE:GFI) by 32.7% during the fourth quarter, Holdings Channel reports. The fund owned 705,885 shares of the company’s stock after acquiring an additional 173,999 shares during the period. Lazard Asset Management LLC’s holdings in Gold Fields were worth $3,035,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of GFI. Tower Research Capital LLC TRC boosted its stake in shares of Gold Fields by 53.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 56,298 shares of the company’s stock valued at $242,000 after purchasing an additional 19,689 shares during the last quarter. Timber Hill LLC bought a new position in shares of Gold Fields in the 3rd quarter valued at about $148,000. First Trust Advisors LP boosted its stake in shares of Gold Fields by 152.7% in the 4th quarter. First Trust Advisors LP now owns 56,700 shares of the company’s stock valued at $244,000 after purchasing an additional 34,258 shares during the last quarter. State Street Corp boosted its stake in shares of Gold Fields by 19.2% in the 2nd quarter. State Street Corp now owns 246,860 shares of the company’s stock valued at $859,000 after purchasing an additional 39,717 shares during the last quarter. Finally, State of Wisconsin Investment Board bought a new position in shares of Gold Fields in the 4th quarter valued at about $177,000. 33.79% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. HSBC raised shares of Gold Fields from a “reduce” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Deutsche Bank raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Friday, March 9th will be paid a $0.0426 dividend. This represents a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, March 8th.
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Gold Fields Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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